In the 1990s, Mobil Oil spent $30 million prospecting for oil in the Zambezi basin. They abandoned the search when they discovered that the area had more gas than oil. At the time, there was no structured market for gas...
SUGAR processor Star Africa Corporation’s successful debt restructure has helped the company attain a positive net asset value of $1 million in the 2018 financial year, from a net liability position of $41 million last year. A High Court-sanctioned reconstruction...
By Fitch Solutions Key View: The election of Emmerson Mnangagwa as President of Zimbabwe presents growing upside risks to growth in the country's mining industry over the coming years. However, we are holding off on revising the country's production forecasts...
TELONE generated more revenue from data than its traditional voice service for the first time ever in the first quarter of 2018, following the company's tilt towards becoming a fully fledged technology entity. The latest report from the Post and...
AGRIBANK, the state-owned agro-lender, has announced it has secured a US$30 million line of credit from the Industrial Development Corporation of South Africa to fund agriculture. Agribank also announced it was raising an additional $40 million through flotation of agro-bills...
  Sub-Saharan conglomerate Moti Group plans to invest a further $150 million on its chrome operations in Zimbabwe, a move that will take its commitment to the southern African country above $500 million and entrench its position as the top...
SUGAR exports from Zimbabwe to the United States and regional markets declined 62 percent in the year ended March 2018, due to decreased production and increased local demand, industry giant Tongaat Hulett has reported. South Africa’s Tongaat Hulett dominates Zimbabwe’s...
BARCLAYS Bank Zimbabwe becomes First Capital Bank in October, shedding its century-old brand, but the bank has already abandoned its former conservatism, gorging on government securities in a manner it never did under its previous owners. FMB Capital of Malawi...
By Gloria Dube The government has picked horticulture as one of the first beneficiaries of part of Zimbabwe’s allocation of US$960 million of IMF money. This has sent a strong signal of how much...
London-listed miner Vast Resources will be allowed to mine diamonds in Zimbabwe, Mining Minister Winston Chitando says.  There has been speculation over the future of Vast’s involvement in Chiadzwa after government left the company...
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